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Factors to Evaluate Growth Opportunities in an Organisational Context

   

Added on  2023-01-05

15 Pages4918 Words69 Views
Planning for growth

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK1.............................................................................................................................................4
P1) Discuss factors to evaluate growth opportunities in an organisational context....................4
P2) Analyse the opportunities for growth with Ansoff's matrix.................................................5
TASK 2............................................................................................................................................7
P3) Discuss various sources of funding along with benefits and drawbacks..............................7
TASK3.............................................................................................................................................9
P4 )Develop a business plan for growth that include financial information and strategies
objective for scaling up the business...........................................................................................9
TASK4...........................................................................................................................................12
P5) Discuss exit or succession options along with benefits and drawbacks.............................12
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15

INTRODUCTION
There are a extensive competition is prevailing in market place thus it is essential for
small enterprise to undertake various strategies for growth of business. There are a lot of external
factors that are crucial to analyse while undertaking these strategies. In the current report Knight
and Dukes Homes is taken into consideration (Achtenhagen, Brunninge and Melin, 2017). It is a
real estate company based on London. It has an aim to expand business by opening more
branches within London. The report comprises various factors that will affect its future growth
and success. There is also recommendations to select best suitable strategy for future growth of
company. In addition, it also includes various sources from which company can borrow funds for
expansion purpose. At the end a detailed business plan to achieve expansion objectives is
included in the report.
TASK1
P1) Discuss factors to evaluate growth opportunities in an organisational context
There are various opportunities for growth and success are present at market place. These
are affected with ample of external factor that significantly affects the business performance. To
evaluate these variables in context of knight and Dukes homes pestle analysis is carried out.
Some of the crucial elements that need to be considers by company are elaborated below:
Political Factors- It comprises factors related to political environment, current
government policies of a country (Angotti, 2018). It is analysed that political environment of
UK is not stable. There are several changes have been made in the current policies that will
significantly affect the business efficiency of company. Some new amendments have been made
in real estate act of country. Knight & Dukes is a real estate organisation that is affected with the
modification in estate agent act 1979. In addition higher authorities of nation are taking
initiatives for growth and developments of property market. With this, it will be easy for
developers to establish property within country. Thus, these elements put a great influence over
the operations of entity.
Economical Factors- It refers to the factors such as demand, supply, cost, economic
conditions of country and many more. These factors significantly affects the business functions.
Knight and Dukes is affected with current economic situation of UK. Easy availability of loans

will enhance the capability of individuals to invest in property whether residential or
commercial. In addition, due to current recession people are looking for rental property rather
then purchase it ( Baschat, 2018). These elements significantly influence the demand as well as
supply of real estate within. The rate of home loans in country is high due to this people are not
able to borrow loan to purchase their own property and giving. Due to the incapability of paying
loans and mortgage individuals are selling their premises and moving towards rental property.
Social Factors- It refers to the buying habits, attitude, opinion of individuals within a
country. These factors are crucial to consider while undertaking or running a business. It
significantly affects the overall functions of an entity. Knight & Dukes is affected with the the
buying habits of people of UK. There are some people who are looking to start a new business
thus wish to purchase commercial property. On the another side the trend of single parent
families is enchaining the demand of small residential property within country. Thus, company
need to consider these factors preparing business strategies and plans.
Technological Factors- To expand business at large level, it is essential for organisations
to undertake new and advance techniques to perform a task. It is a crucial factor that drives
growth and development within company. Knight & dukes homes undertakes a lot of software to
perform various business task in an efficient manner and minimize deficiencies (Cullingworth,
2017). This provides a significant opportunity to company to grow business at wide level. It use
effective technologies to contact with customers and to increase in sales of property.
Legal Factors- These elements are related to the legal compliances, rules as well as
regulations that are formulated by higher authorities to regulate organization. There are property
laws that includes ample of clauses that need to be follow by every real estate company
functioning in country. There are laws related to copyright and patent that prevents other firms
undertake business under identical brand name. With this knight and dukes protects its existing
brand value. Further, it also need to follow the employment as well as consumers protection law
to run business in an efficient manner.
Environmental Factor- It is crucial for an organization to consider the impact of its
activities over environment in order to sustain for a longer period of time. For knight and dukes
home the environmental element is geographical location of property. Mangers need to be
consider this factor while undertaking business functions. This factor is significant to consider in
order to ensure future growth and success of real estate company.

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